MMRDA invites tenders for Rs 20 bn rolling stock and carshed projects

01 Feb 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the relocation of tenders for the metro line 6 (Swami Samarth Nagar in Andheri Lokhandwala to Vikhroli, Eastern Express Highway (EEH)) for the procurement of rolling stock, signalling & train control, telecommunications, carshed machinery, platform screen door, for the project.

It was revealed that the previous tender for the procurement of rolling stock and other technical systems had been cancelled due to MMRDA's failure to meet the mandatory guidelines instituted by the Central Vigilance Commission (CVC) in the tender document. There were also issues over the proposed Kanjurmarg depot land ownership.

It was previously proposed by the MMRDA to procure 108 standard gauge cars (coaches) for metro line 6.

The current tender is valued at Rs 20.64 billion. The work involves design, manufacturing, supply, testing, commissioning, and maintenance. Interested bidders are required to submit bids by April 2.

The elevated 15.31 km long Mumbai Metro Line 6 is reported to be over 60 per cent complete and is being constructed at a cost of Rs 67.16 billion, with funding through the National Development Bank (NDB). The expected timeline for completion is November or December 2024. The state approved the elevated metro line 6 in 2017.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..